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There were 340,000 initial claims for unemployment benefits in the US during the week ending August 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 354,000 (revised from 353,000) and came in slightly better than the market expectation …

As is widely expected, OPEC stuck to the plan to raise production by 400 barrels in October. The meeting is still going on to be updated…

Crude oil inventories in the United States decreased by 7.2 million barrels in the week ending August 27, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). Commenting on the data, “business Survey Committee panelists reported that their companies and suppliers continue to struggle at unprecedented …

Employment in the US’ private sector increased by 374,000 in August, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading followed July’s increase of 326,000 (revised from 330,000) and missed the market expectation of 613,000 by a wide margin.

Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.

The U.S. Dollar (USD) declined on Friday, minutes after Federal Reserve Chairman Jerome Powell publicly said that he thinks tapering could begin before the end of the year. Powell’s remarks at the Jackson Hole economic conference reaffirmed what the Fed’s July meeting minutes indicated about a majority of Fed board …

U.S. Federal Reserve Chairman Jerome Powell said on Friday that it is likely that scaling back the asset purchases will begin before the end of the year. He did, however, rule out raising interest rates in the near future. Powell was speaking earlier at the annual Jackson Hole Economic Symposium, …

The US Bureau of Economic Analysis (BEA) reported on Friday that Personal Income expanded by 1.1% in July. This reading came in better than the market expectation of 0.2%.  Further details of the report revealed that Personal Spending, which increased by 1.1% in June, rose by 0.3% in the same …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …

There were 353,000 initial claims for unemployment benefits in the United States during the week ending August 21, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 349,000 and came in slightly worse than the market expectation of 350,000.